INsurance

Onboard customers in less than 60 seconds

Integrate quickly in an afternoon and go-live with a fully IRDAI-compliant KYC solution!

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Financial Services
KYC MODES

Accepted modes of KYC

Digital KYC

Digital KYC is a completely paperless KYC process for customers that are
non-KYC compliant

Central KYC

CKYC acts as a central repository of KYC records through which customers can avail various financial services

Aadhaar - Offline authentication

Users follow an automated identity authentication process using their Aadhaar card

OVD with Pan/Form 60

Images of officially valid documents along with PAN card/Form 60 are collected

Aadhaar - Online authentication

Aadhaar based KYC through Online authentication

Video-based verification

Video-based KYC ensures that users can complete KYC remotely via video call

Implementing a single mode of KYC will not help Onboard every customers!

Insurance companies need to seamlessly integrate multiple KYC methods to manage needs of all our customers.

How do you seamlessly integrate multiple KYC methods to ensure low-friction onboarding of all your customers?

Based on factors like phone number & linkage, CKYC record’s existence, etc certain modes of KYC will fail. The HyperVerge Identity Platform has an end-to-end KYC orchestrator which can support any KYC workflow.

WORKFLOW
HyperVerge KYC Orchestrator

How do we manage a seamless KYC experience across all partners and acquisition channels?

Launch new customer journeys much faster, without writing code
or requiring app releases.

HyperVerge KYC orchestrator

HyperVerge  KYC Orchestrator

pivc automation

Automate your PIVC process & reduce friction

Cut down on manual review efforts & resources spent using our AI to expedite your PIVC process!

Instant Onboarding

Onboard customers in <30 seconds even at scale

Reduce Fraud

Reduce fraud by 95% through automation.

Cost Efficient

Decrease backend verification expenses by 80%

How do we manage a seamless KYC experience across all partners and acquisition channels?

Use the link based KYC feature of HyperVerge Platform to trigger KYC links to customers from Agent/Partner channels.

Direct Channel

Integrate HyperVerge platform directly into your Web/Mobile Application using SDK

All Partner Channel

Use the Link based KYC features of HyperVerge Platform to trigger KYC links to customers from Agent/Partner channels

WHY CHOOSE US

Always stay compliant with AML Regulations

Our end-to-end onboarding stack is a comprehensive product suite that contains global AML checks to prevent any fraud.

Global Sanctions & Watchlists

Global & country-specific sanctions imposed by different organisations.

Politically Exposed Persons

~100% Politically Exposed Persons Profile with Global Coverage

Adverse Media Check

Adverse Media for people associated with ML or fraudulent activities.

Insurance companies are becoming fully KYC compliant before January 1st

The HyperVerge platform is designed for rapid integration and testing to minimize your IT/dev bandwidth allowing you to go-live in a very short amount of time.

Go-live in 5 days
Go-live in 9 days
Go-live in 30 days

CUSTOMER STORIES

Customers love HyperVerge!

Bala Parthasarathy
Bala Parthasarathy
CEO, MoneyTap

We want to make credit much easier and faster for the larger population and not only the elite few. HyperVerge is a team of very smart people from reputed colleges in India and they have cracked the process of identity verification using Al/ML.

Testimonial Image
Rachel Nguyen
Director, CIMB Vietnam

"CIMB is proud to be associated with HyperVerge over the past year. We’ve had a phenomenal experience partnering with them for our eKYC journey."

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Krishna Mohan Vedula
VP Payments, MPL

“We were able to reduce the number of cases of cyber crime complaints or chargebacks after we went live with HyperVerge.”

Testimonial image
Mahima Garg
Chief Risk Officer, Slice

“Even at scale, we’ve never had escalations. Teams have resolved any issues with the HV team seamlessly. This is exactly what we want.”

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Dhinesh Potnuru
Product Head, IndMoney

"HyperVerge made our lives easier through the whole customer acquisition and activation process. We were achieving high business impact after we built in their solutions where there were previously very high drop-offs for the users."

Testimonial image
Nikhil Joy
Head of Product, Zest Money

By using HyperVerge's APIs, we cut short the document validation process from 8-10 mins to 10 seconds.

CUSTOMER STORIES

Frequently asked questions.

Still have questions?
Please chat with our friendly team.

Chat with our team
Mistakes to avoid while selecting/orchestrating KYC methods
  • If someone is using Aadhaar XML (even though we don’t recommend using it), it is necessary to do some health check to ensure whether the UIDAI website is live or down
  • In the CKYC workflow, make sure to extract & validate KYC details, not just ‘search & download’. If only search & download is done, bad/empty records can be downloaded.
  • Not all Aadhaar numbers are linked with mobile numbers, so before taking a user through a journey, it would be helpful to check whether their mobile number is linked to their Aadhaar.

(Digilocker has an API call that can check whether the mobile number and Aadhaar number are linked only using the mobile number as input)

What are the 80-20s to get right when implementing a
KYC process/ solution?

1. Try to use a workflow orchestrator instead of building everything yourself
2. Use passive liveness as a best practice. It has a high conversion rate, requires very little instructions and works well on all devices and bandwidth conditions

Still have questions?

Can’t find the answer you’re looking for? Please chat with our friendly team.

Chat with our team

Customer Stories

Learn how we supercharge businesses across industries

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Insurance
Stay compliant with IRDAI norms while onboarding customers in less than 60 seconds
Customer Story
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FAQs

Questions you may have...

Mistakes to avoid while selecting/orchestrating KYC methods
  • If someone is using Aadhaar XML (even though we don’t recommend using it), it is necessary to do some health check to ensure whether the UIDAI website is live or down
  • In the CKYC workflow, make sure to extract & validate KYC details, not just ‘search & download’. If only search & download is done, bad/empty records can be downloaded.
  • Not all Aadhaar numbers are linked with mobile numbers, so before taking a user through a journey, it would be helpful to check whether their mobile number is linked to their Aadhaar.(Digilocker has an API call that can check whether the mobile number and Aadhaar number are linked only using the mobile number as input)
What are the 80-20s to get right when implementing a KYC process/ solution?
  • Try to use a workflow orchestrator instead of building everything yourself
  • Use passive liveness as a best practice
  • It has a high conversion rate, requires very little instructions and works well on all devices and bandwidth conditions